Grameen Foundation began supporting microfinance activities in Latin America and the Caribbean in 1999. Despite significant progress over the last decade, millions of the poorest people, especially in remote rural areas, still have no access to vital financial services they need to move themselves out of poverty.
In 2011, we launched the Last Mile Initiative (PDF), a five-year campaign designed to help 1 million poor people living in rural Latin America improve their lives. The program provides access to financial services, viable opportunities to build and expand businesses, and critical information to help the poor enhance their livelihoods.
Across the region, we are providing much-needed funding to cooperatives through the Fairtrade Access Fund. The fund is sponsored by Grameen Foundation, Fairtrade International and Incofin Investment Management. It is managed by Incofin Investment Management.
In Colombia, we are using mobile technology to improve access to financial services and information on agriculture. Drawing on our experiences in Uganda, we launched the Community Knowledge Worker initiative in Colombia. We are also developing financial products and services that can be delivered to smallholder farmers and poor communities via mobile phones.